DGAP-News: TOMORROW FOCUS AG records significant revenue and earnings growth in the second quarter of 2014

August 08, 2014 01:16 ET | Source:EQS Group AG

DGAP-News: TOMORROW FOCUS AG / Key word(s): Half Year Results
TOMORROW FOCUS AG records significant revenue and earnings growth in
the second quarter of 2014
08.08.2014 / 07:15
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Corporate News
TOMORROW FOCUS AG records significant revenue and earnings growth in the
second quarter of 2014
Munich, Germany, 8 August 2014 - At EUR 97.6 million, adjusted consolidated
revenue at TOMORROW FOCUS AG in the first half of 2014 was up by 8.2
percent on the corresponding figure of EUR 90.2 million for the same period
in 2013.
Adjusted consolidated revenue for the second quarter of 2014 showed a
year-on-year rise of 9.8 percent from EUR 45.0 million in 2013 to EUR 49.4
million.
Revenue in the Travel segment for the first half-year period stood at EUR
63.2 million, 11.4 percent up on the equivalent figure of EUR 56.7 million
in the previous year.
Segment revenue for the second quarter 2014 increased by 13.3 percent from
EUR 27.2 million to EUR 30.9 million year on year.
Although the market environment remained stagnant and in some cases even
lost ground, TOMORROW FOCUS AG estimates that its travel portals
nevertheless managed to expand their respective market positions.
Half-year revenue in the Publishing segment rose slightly from EUR 14.2
million in 2013 to EUR 14.4 million, an increase of 1.4 percent.
Segment revenue in the second quarter of 2014 rose by 8.7 percent from EUR
7.8 million in 2013 to EUR 8.5 million.
Following a small decline in the segment's first-quarter revenue due to
weakness in the display advertising market, second-quarter revenue showed
clear single-digit growth. Although this is partly down to a slight
improvement in the market situation, it particularly reflects the Group's
success in creating new income-generating pillars in the fields of video
advertising, transactions and mobile advertising.
At EUR 15.8 million, revenue in the Subscription segment was practically
unchanged in the first six months of 2014. The figure reported for the
first six months of 2013 was EUR 16.0 million.
Segment revenue in the second quarter of 2014 stood at EUR 7.7 million,
down 3.2 percent on the equivalent figure of EUR 8.0 million in 2013.
Faced with a generally stagnant yet highly competitive market environment,
EliteMedianet GmbH, which operates the premium online dating agency
ElitePartner, consciously accepted a small decrease in revenue for the
first half-year in order to boost its earnings performance.
jameda GmbH, which operates a physician ratings portal by the same name,
achieved growth in revenue and earnings in the first half of 2014 in the
high double digits in percentage terms and so further expanded its leading
position amongst Germany's physician search and ratings portals.
Group earnings before interest, taxes, depreciation and amortisation (Group
EBITDA) for the first half of 2014 rose by 2.8 percent to EUR 9.0 million
compared to the previous year's figure of EUR 8.7 million.
At EUR 6.7 million, Group EBITDA for the second quarter of 2014 was 45.3
percent higher compared with EUR 4.6 million in the same quarter of 2013.
Adjusted Group earnings before interest and taxes (Group EBIT) stood at EUR
5.1 million in the first half of 2014 compared with EUR 5.6 million in the
previous year. This is equivalent to a decrease of 7.5 percent.
Adjusted Group EBIT for the second quarter rose by 63.0 percent year on
year, from EUR 3.0 million in 2013 to EUR 4.8 million in 2014.
Adjusted Group earnings before taxes (Group EBT) stood at EUR 2.5 million
in the first half of 2014, an increase of 22.0 percent compared with EUR
2.1 million in the same period of 2013.
Adjusted EBT for the second quarter of 2014 was up 74.9 percent year on
year at EUR 3.3 million. The adjusted EBT figure reported for the second
quarter of 2013 was EUR 1.9 million.
Adjusted Group earnings after taxes ended the first half-year period 68.5
percent lower at EUR 0.2 million compared with EUR 0.7 million in the first
half of 2013.
Adjusted Group earnings after taxes in the second quarter of 2014 rose by
53.5 percent from EUR 1.4 million in 2013 to EUR 2.2 million.
Adjusted consolidated earnings per share for the first half-year stood at
EUR 0.00 compared with EUR 0.01 in the first six months of the previous
year.
Adjusted consolidated earnings per share for the second quarter of 2014
were EUR 0.04, an increase of 100 percent on the corresponding 2013 figure
of EUR 0.02.
The earnings figures for the first half of 2014 and the first half of 2013
have been adjusted in the interests of better comparability to take account
of the following non-operational one-off effect.
Under International Financial Reporting Standards (IFRS) the corporate
takeovers in 2012 and 2013 resulted in amortisation and depreciation on the
assets identified during purchase price allocation amounting to EUR 0.9
million in the first half of 2014 (first half of 2013: EUR 0.9 million).
The outlook for positive revenue development in the second half of 2014 is
good. The moderate economic recovery predicted in the core sales markets of
TOMORROW FOCUS AG should, despite partly increased competitive pressure,
result in further recovery of demand for the products and services of
TOMORROW FOCUS AG.
About TOMORROW FOCUS AG
TOMORROW FOCUS AG (ISIN DE005495329) is based in Munich, Germany, and is
one of the leading exchange-listed Internet groups in Germany. The Group
has a workforce of around 750. On 1 January 2014, its business operations
were restructured into three new segments: Travel, Publishing and
Subscription.
The Travel segment includes HOLIDAYCHECK AG, which operates a number of
hotel review and travel booking portals by the same name; the travel
division of WEBASSETS B.V., which operates the ZOOVER hotel review portals;
TOMORROW TRAVEL B.V., which operates the Dutch online travel agent TJINGO;
and RPC VOYAGES SAS, which operates the French online travel agent ECOTOUR.
The Subscription segment is made up of ELITEMEDIANET GmbH, which operates
the premium online dating agency ELITEPARTNER.de; JAMEDA GmbH, which
operates the physician ratings portal JAMEDA.de; and ORGANIZE.ME GmbH,
which operates an app-based document organisation and reminder system.
The Publishing segment includes TOMORROW FOCUS MEDIA GmbH, one of Germany's
leading digital marketing providers; TOMORROW FOCUS PUBLISHING GmbH, which
operates a number of Internet portals such as the news and utility
journalism site FOCUS Online; the news portal and platform for views and
blogs THE HUFFINGTON POST; the finance and stock market information portal
FINANZEN100; the parent portal NETMOMS GmbH; and the meteorological arm of
WEBASSETS B.V., which operates the METEOVISTA and WEERONLINE weather
portals.
Media and Investor Relations contact:
TOMORROW FOCUS AG
Armin Blohmann
Neumarkter Strasse 61
81673 MÃ¼nchen
Germany
phone +49 (0)89 9250 1256
fax +49 (0)89 9250 2403
email a.blohmann@tomorrow-focus.de
www.tomorrow-focus.de
http://twitter.com/tomorrowfocus
http://facebook.de/tomorrowfocus
http://youtube.com/tomorrowfocus
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08.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: TOMORROW FOCUS AG
Neumarkter Str. 61
81673 MÃ¼nchen
Germany
Phone: +49 (0)89 9250-1256
Fax: +49 (0)89 9250-2403
E-mail: a.blohmann@tomorrow-focus.de
Internet: www.tomorrow-focus.de
ISIN: DE0005495329
WKN: 549532
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, Hannover,
MÃ¼nchen, Stuttgart
End of News DGAP News-Service
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